According to the latest report published by Germany’s economic institute DIW on Wednesday, Europe’s economic powerhouse is expected to shrink 6% in 2020 vs. a -9.4% contraction estimated in June. Key quotes “The German economy is doing well, considering the circumstances.” “For next year, DIW raised its GDP growth forecast to 4.1% from 3% in June but cautioned that the pandemic could still lead to setbacks. 2022 German GDP forecast is of +3.0%.” “It would be wrong to believe that the crisis will be over quickly.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD mostly hinges on Brexit developments FX Street 3 years According to the latest report published by Germany’s economic institute DIW on Wednesday, Europe’s economic powerhouse is expected to shrink 6% in 2020 vs. a -9.4% contraction estimated in June. Key quotes "The German economy is doing well, considering the circumstances.” “For next year, DIW raised its GDP growth forecast to 4.1% from 3% in June but cautioned that the pandemic could still lead to setbacks. 2022 German GDP forecast is of +3.0%.” "It would be wrong to believe that the crisis will be over quickly.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
